IMERYS - Daily - Technical analysis published on 11/27/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Neutral
Technical indicators
61%
0%
39%
My opinion
Bullish above 35.08 EUR
My targets
37.86 EUR (+1.34%)
40.96 EUR (+9.64%)
My analysis
The strong short-term increase of IMERYS should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 35.08 EUR, a purchase could be considered. The first bullish objective is located at 37.86 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 40.96 EUR. If there is any crossing, the next objective would be the resistance at 42.70 EUR. Caution, if there is a return under 35.08 EUR, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
3.4
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
IMERYS rating 37.36 EUR. On the day, this instrument gained +2.58% with the lowest point at 36.62 EUR and the highest point at 37.92 EUR. The deviation from the price is +2.02% for the low point and -1.48% for the high point.36.62
37.92
37.36
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on IMERYS were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in Daily of this IMERYS chart shows a neutral trend. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 21.79 | 31.95 | 35.08 | 37.36 | 37.86 | 40.96 | 42.70 |
| Change (%) | -41.68% | -14.48% | -6.10% | - | +1.34% | +9.64% | +14.29% |
| Change | -15.57 | -5.41 | -2.28 | - | +0.50 | +3.60 | +5.34 |
| Level | Minor | Major | Major | - | Major | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.31 | 33.77 | 35.09 | 36.55 | 37.87 | 39.33 | 40.65 |
| Camarilla | 35.66 | 35.91 | 36.17 | 36.42 | 36.68 | 36.93 | 37.19 |
| Woodie | 32.25 | 33.74 | 35.03 | 36.52 | 37.81 | 39.30 | 40.59 |
| Fibonacci | 33.77 | 34.83 | 35.49 | 36.55 | 37.61 | 38.27 | 39.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33.34 | 34.46 | 35.84 | 36.96 | 38.34 | 39.46 | 40.84 |
| Camarilla | 36.53 | 36.76 | 36.99 | 37.22 | 37.45 | 37.68 | 37.91 |
| Woodie | 33.47 | 34.53 | 35.97 | 37.03 | 38.47 | 39.53 | 40.97 |
| Fibonacci | 34.46 | 35.42 | 36.01 | 36.96 | 37.92 | 38.51 | 39.46 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26.37 | 29.23 | 31.93 | 34.79 | 37.49 | 40.35 | 43.05 |
| Camarilla | 33.09 | 33.60 | 34.11 | 34.62 | 35.13 | 35.64 | 36.15 |
| Woodie | 26.28 | 29.19 | 31.84 | 34.75 | 37.40 | 40.31 | 42.96 |
| Fibonacci | 29.23 | 31.36 | 32.67 | 34.79 | 36.92 | 38.23 | 40.35 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.89 | |
| MACD (12,26,9): | 0.3400 | |
| Directional Movement: | -2.30 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 37.13 | |
| Parabolic SAR (0,02-0,02-0,2): | 35.17 | |
| Elder Ray (13): | 0.38 | |
| Super Trend (3,10): | 33.99 | |
| Zig ZAG (10): | 37.30 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 64.93 | |
| TEMA (21): | 37.42 | |
| Williams %R (14): | -30.20 | |
| Chande Momentum Oscillator (20): | 0.78 | |
| Repulse (5,40,3): | 0.7300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1500 | |
| Courbe Coppock: | 3.49 |
| MA7: | 36.93 | |
| MA20: | 36.81 | |
| MA50: | 35.99 | |
| MA100: | 37.31 | |
| MAexp7: | 37.03 | |
| MAexp20: | 36.71 | |
| MAexp50: | 36.58 | |
| MAexp100: | 37.59 | |
| Price / MA7: | +1.16% | |
| Price / MA20: | +1.49% | |
| Price / MA50: | +3.81% | |
| Price / MA100: | +0.13% | |
| Price / MAexp7: | +0.89% | |
| Price / MAexp20: | +1.77% | |
| Price / MAexp50: | +2.13% | |
| Price / MAexp100: | -0.61% |
News
The latest news and videos published on IMERYS at the time of the analysis were as follows:
ImerysThis member declared not having a position on this financial instrument or a related financial instrument.
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